{"id":47015,"date":"2026-09-10T20:31:37","date_gmt":"2026-09-10T20:31:37","guid":{"rendered":"https:\/\/financialrush.com\/?p=47015"},"modified":"2026-09-10T20:31:37","modified_gmt":"2026-09-10T20:31:37","slug":"3-reasons-why-zcash-zec-can-plunge-following-its-150-monthly-explosion","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47015","title":{"rendered":"3 Reasons Why Zcash (ZEC) Can Plunge Following Its 150% Monthly Explosion"},"content":{"rendered":"

\n<\/p>\n

ZEC has undoubtedly become crypto’s rock star lately, with its price skyrocketing to a ten-year high above $1,200.<\/p>\n

However, certain worrying signals suggest that a short-term pullback may abruptly replace the rally.<\/p>\n

Are the Bears Coming?<\/h2>\n

Earlier this month, ZEC surpassed $1,200 for the first time since 2016 and reached almost $1,300. Currently, it trades around $1,220 (per CoinGecko), representing a 150% monthly increase and a staggering 2,450% explosion on a yearly scale. The main drivers behind the spectacular surge include the launch of Grayscale’s ZEC ETF, along with other factors, which you can explore in our detailed article here<\/a>.<\/p>\n

Nonetheless, three key developments suggest the asset’s relentless climb may be coming to an end. The first one is the TD Sequential indicator, which, according<\/a> to analyst Ali Martinez, has flashed a sell signal on the 3-day chart.<\/p>\n

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“The last time this setup appeared, on May 19, it resulted in a 64% price correction. Worth paying attention to this one,” he said.<\/p>\n<\/blockquote>\n

The second is ZEC’s Relative Strength Index (RSI), which has surged past 70. This indicates that the token has entered overbought territory and could be gearing up for a pullback. Conversely, ratios under 30 are typically considered bullish.<\/p>\n

<\/a>
ZEC RSI, Source: CryptoWaves<\/figcaption><\/figure>\n

Last but not least, investors have been shifting from self-custody to crypto exchanges. This development is interpreted as bearish because it increases immediate selling pressure.<\/p>\n

\"ZEC<\/a>
ZEC Exchange Netflow, Source: CoinGlass<\/figcaption><\/figure>\n

$10K on the Way?<\/h2>\n

Despite the worrying signals mentioned above, many market observers believe ZEC still has plenty of fuel left to post further gains. X user Altcoin Sherpa described<\/a> the $1,000 and $1,100 levels as “interesting,” adding they would rather see price spend time in a specific region and “base out” than check the exact price for the bottom.<\/p>\n

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“I still think this is a fantastic one to buy though for this cycle,” the analyst concluded.<\/p>\n<\/blockquote>\n

Crypto With Harris \u20bf argued<\/a> that as long as the price stays above $1,050, “there is no need to worry.” In his view, the masses buying now out of FOMO could trigger a major pump to a new all-time high of $10,000, and he predicts ZEC could reach that milestone before Ethereum (ETH).<\/p>\n

The post 3 Reasons Why Zcash (ZEC) Can Plunge Following Its 150% Monthly Explosion<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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